The gambling industry has become the fastest-growing sector in the Canadian province of British Columbia. Quite unsurprisingly, cash-intensive businesses such as banks are extremely vulnerable to money laundering. Casinos are also classified as cash-intensive businesses, which are usually dealing with high volumes of large cash transactions. Moreover, casinos offer many financial services, including accounts, foreign exchange and others. The rapid growth of the gambling industry has attracted the attention of criminals, looking to disguise their ill-gotten gains.
Tighter Checks on High-Rollers Seek to Rein in Money Laundering at B.C. Casinos
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